Wiggins Company has 1,000 shares of $10 par preferred stock, which were issued at par. It also has 25,000 shares of common stock outstanding, and its total stockholders' equity equals $500,000. The book value per common share is:
A. $16.00.
B. $19.96.
C. $19.60.
D. $20.00.
E. $10.00.
Answer: C
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